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Mortgage Market Update
Pete Ruberti
Pete Ruberti
Saturday, August 1, 2026
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Do you know how much equity you've built? |
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Hi there. This week I'm talking about something many homeowners forget to check on: the real value of your equity and what it can do for you.
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National Mortgage Rates · July 30, 2026
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Source: Freddie Mac PMMS & Optimal Blue via FRED
Rates shown are national averages and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Equity Check
Your home equity might be worth more than you think
If you bought your home a few years ago, you've likely built up equity—the difference between what your home is worth today and what you still owe on your mortgage. That equity can be a financial tool when you need it. Some homeowners tap into it through a refinance or a home equity line of credit to pay for repairs, consolidate debt, or fund other goals. The first step is understanding what you actually have. You can get a rough idea by looking at recent home sales in your neighborhood, or we can help you think through a formal appraisal. Either way, knowing your position gives you options. If you've been curious about what your equity could do for you, I'd be happy to walk through the numbers. Reach out if you'd like to explore what your home equity means for your financial picture.
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Tip of the Week
Landscaping maintenance protects your home's value — overgrown yards are the number one curb appeal issue buyers notice.
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Tips for Homeowners
HOA Fees and How They Affect Your Mortgage
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1.
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HOA dues are included in your debt-to-income ratio calculation when you apply for a mortgage. High HOA fees reduce how much home you can qualify for.
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2.
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Before buying in an HOA, review the financials: reserve fund balance, any pending special assessments, and recent meeting minutes. A depleted reserve fund can mean a large unexpected charge.
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3.
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HOA dues are generally not tax-deductible for a primary residence. If the home is a rental property, dues may be deductible as a business expense.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Pete Ruberti team any time and we'll walk you through your options. |
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